Lane said, "This is a complex situation, and we have to wait and see how it unfolds in the coming months. We need to ensure that scrap metal can flow smoothly again."
Overall, the issue of scrap metal backlogs caused by the trade dispute between the US and China is expected to ease within the next three months. US dealers and their Chinese peers have already started negotiating over the phone to resolve sales and shipping issues. The supply chain problems have exposed the chaos brought about by Trump's trade war, and the current agreement is only a mitigating measure. A broader agreement still requires further discussion. The imbalance in copper scrap inventories may take some time to resolve, with both sides waiting to see how the situation develops. Overall, the future of the scrap metal market remains uncertain.